Alliance and Leicester Accounts Reviewed
Always keen to look for a new account to review on these pages, we've taken a look at what Alliance & Leicester has to offer....
Current account
Alliance & Leicester's
Premier Direct Current Account has an interest rate of 8.5% AER (fixed for one year
).
To get this impressive rate, you have to be over
21 and be able to pay in at least £500 per month. More details at www.alliance-leicester.co.uk
The signup process
-
Select the 'Apply online', and enter your name and address
-
You're then asked for the bank account & sortcode of your existing bank account
- That seemed to be it - we were told we'd be emailled when a decision had been made.
-
Two minutes later, the email appeared. We have to wait 48 hours for details to be posted to us (for security reasons)
Internet Banking
To be honest, we've found that, these days, most online banking services are pretty much the same - and Alliance & Leicester's online services don't seem to offer anything we haven't seen elsewhere - the site seems pretty fast, and all that you'd expect is there, with few surprises - money movement, online statements, standing orders and payment settings. The site does the job, and does it well.
Screenshot of online Banking
More details can be found at www.alliance-leicester.co.uk.
Summary
At the time of writing, we're pretty impressed.
Account creation was faster than with others we've tried in the past, and the
online banking service does the job nicely - it's the high interest rates that
set Alliance and Leicester apart from the others, and if you're looking to make
the most of your money, and in particular, your savings, we'd recommend you
switch over as soon as possible.
More details can be found at www.alliance-leicester.co.uk